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journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indeot manoalty If no entry is required, select No entry for the account titles and enter 0 for the amounts) Date Account Titles and Explanation Credit Indicate the balance sheet and income statement account balances at December 33, 2017, under each method of accounting Dividend revenue Unrealized gain income
STANDARD Question 5 Weidebrecht Design acquired 30% of the outstanding common stock of Qayle C mpany on an ay İ 2017, by Ming Sese soo for tbeawo nga are demo and paid $0.20 per share cash dividends on March 15, June 15, September 15, and December 15, 2017. Quayle reported net income of $304,000 for the year At December 31, 2017, the market price of Quayle common stock was $27 per share. THE Prepare the journal entries for Heidebrecht Design for 2017 asming Heidebrecht Design cannot exercise significant infiuence over Quayle. (Use the cot assume that Quayle common stock should be classified as a trading security.) (Record journal entries in the onder presented in the problem, Cresit account tes method and for the amounts De not indent manualy. If mo entry is required, select No entry for the account tRiles and enter a ore Date Account Titles and Explanation Credit Prepare the journal entries for Heldebrecht Design for 2017,uming Heldebrecht Design can esercise significant Infiuence over Quayle se the euity method. If no entry es reorired, select-No entry-fur the account titles and enter for the
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